“My top tip for making money online is arbitrage, taking advantage of price differences between two different markets, using a service like Fiverr. Essentially, you create a website offering a service like acquiring Twitter followers or Facebook likes for businesses or other interested parties. You then create simple Facebook ads marketing say, 1,000 followers for $100. Once you’ve acquired a couple customers, you go to Fiverr and pay $5 to $15 for the 1,000 followers for your new clients. You could take advantage of the price difference for any Fiverr offering including logos, designs, cartoon headshots, and more. It’s a very simple way to make money and a great introduction to entrepreneurship!”
This isn’t to scare you off. I simply want you to know that this guide is going to focus solely on ways to make real, sustainable extra income online. Not just a few bucks. I want to share all the mistakes I've made that got me to where I am now so that you don’t have to go through them, and can build a successful online source of income for yourself.
You know those top-down cooking or craft videos you just can’t seem to get away from these days? There are people out there making a living from them. 78% of B2C companies depend on user-generated content, like those videos, for their marketing campaigns. You can sign up as a creator on a site like Darby Smart and potentially work with brands like Nordstrom, Mattel, and BarkBox. Or, use them to build your YouTube following and monetize through ads and views.
When creating a membership site, always offer different plans and pricing tiers to appeal to your different categories of audience. Access to specific types of content is then dependent on the plan selected by a member. Membership fees can be a one-off payment or a repeat subscription. And you can even sell products on your membership site to boost your income.
This can range from online shopping (with rounding up to the nearest pound/dollar via services like Pennies.org.uk, and generating a ‘free’ donation of a few percent on purchases like Amazon Smile), through online gaming (e.g. Fortnite for a Fortnight for Leukemia Care – https://home.givepenny.com/fortnite14/), to running a marathon for charity in your own time and at your own pace over a month eg. British Heart Foundation’s MyMarathon (https://mymarathon.bhf.org.uk/mymarathon2018/p/1).
Create a killer course experience: With your course validated and in the works, you need to figure out how people will take it. Most course creators choose to host their courses from their own websites. This way, they get all the value of bringing customers back to their site on a regular basis. I host my own courses from a subdomain on my own site so I can easily add more. The course experience is incredibly important as well. And after trying most of the solutions, I highly recommend Teachable—an online platform designed specifically for courses.
“The most frequent money-making advice I tell almost all the clients of my online marketing agency is a very simple one: “Don’t forget you’re dealing with the same people online as in the offline world. Most marketers develop certain preference over channels, tactics, nasty growth hacks or whatnot. Being an MD, I mostly draw the influence psychology card.
Rather than making money through subscriptions, YouTube channels are based on a traditional advertising system. Meaning the more viewers you get, the more you make. Once you’re approved for the YouTube Partner Program and can start including ads on your videos, with every 1,000 views, you will make approximately $2-$4. Which might not seem like a lot, but if you have 100 videos with 5,000 views a month each, that would be $1,000–$2,000 already. Just imagine if your videos start hitting millions of views!
If you were not able to find luck with the list of jobs I have presented above, visit FlexJobs. This job site has been rated by the Better Business Bureau with an A+. They even provide a money-back guarantee in case you are not satisfied with how they deliver their service. FlexJobs assures that every single work posted is hand-screened to check its legitimacy. This is a fantastic method to find legit home-based jobs without the worries of handling scams.
If you have a propensity for writing and you can slay with your prose, consider writing an ebook. While the market has certainly become saturated as of late, books that help teach people about a technical topic still sell extremely well. This is a great source of passive income but does require a large amount of effort at the outset before any money is generated.
Do you constantly come up with witty one-liners? Do you dream of the days of Mad Men-style advertising? If you’ve got some branding chops or just come up with imaginative copy, there are lots of opportunities to make money online through company naming and slogan contests. If you think you have a knack for names check out the Squadhelp platform where you can earn a little extra money online by naming brands, services, products, company slogans and even help out on the logo design front if you've got the chops.
Work at home transferring data from one source to another. Most of these companies do not require past experience, although with few exceptions the pay may not be enough to consider it a stable income. Before you begin applying to any of the companies below (many of which sadly are almost never hiring), you might want to read the post I wrote about data entry jobs from home. It explains what your expectations should be prior to pursuing a career in this industry.
Look through your attic and closets. It's time for a purge. Selling on eBay is an easy way for you to clear up the clutter in your home while making money. But you can also look at eBay as an income opportunity through its many business models. Besides selling your own stuff, you can browse garage sales to find inventory or even open your own eBay consignment business to sell other people's belongings while earning a cut.
I suppose running a bitcoin mining rig is the modern-day equivalent, but you’d probably make a lot less money than I did decades ago. Thankfully, there are other options if you want to sit on your butt and get a little cash for it. I’m stressing the little part, however, as you aren’t going to be buying a Tesla by filling out online surveys. If you’re patient, and really have nothing better to do with your time, here are a few tips you can use to score lunch and/or gas money around the web:
Artists and designers upload their original work to Society6, which then prints the images onto items ranging from t-shirts to pillows to wall hangings and even duvet covers and iPhone cases. Society6 handles all the fulfillment while artists just provide the designs and receive a commission on anything sold with their art on it. It’s a little bit like Etsy, but you don’t have to deal with physically creating or shipping your work.
Tools & Resources: I’ve written a pretty comprehensive guide on the best web design software that covers both free and premium software packages. If you’re serious about becoming a web designer, then I recommend purchasing the full Adobe Creative Cloud Suite. At $49.99 per month, this is probably a bargain considering what you can achieve with this set of tools.
How to Get It: GoFluent.com is an English training company working with 12 of the world's largest corporations. There are also jobs out there for English as a Second Language (ESL) teachers, which are more structured. Visit ISUS (iSpeakUSpeak.com), a placement and training company. While a degree in education or ESL is ideal, you are encouraged to apply if you are enthusiastic and articulate.
Robo-advisors are diversified investment accounts that are automatically managed by a computer algorithm (as opposed to a human money manager). If you want to invest, but don’t have the money, or don’t want to invest with a money manager, robo-advisors are for you! Robo-advisors make investing easier—and cheaper—so they’re perfect for new investors.